Laserfiche WebLink
t <br /> Report of Independent Auditors <br /> Shareholders and <br /> Board of Directors <br /> Dallas Corporation <br /> e <br /> We have audited the accompanying consolidated statements of financial <br /> condition of Dallas Corporation and subsidiaries as of December 31, 1989 <br /> and 1988, and the related consolidated statements of operations,- <br /> shareholders' equity and cash flows for each of the three years in the <br /> period ended December 31, 1989. These financial statements are the <br /> responsibility of the Company's management. Our responsibility is to <br /> express an opinion on these financial statements based on our audits. <br /> We conducted our audits in accordance with generally accepted auditing <br /> standards. Those standards require that we plan and perform the audit to <br /> obtain reasonable assurance about whether the financial statements are <br /> free of material misstatement. An audit includes examining, on a test <br /> basis, evidence supporting the amounts and disclosures in the financial <br /> statements. An audit also includes assessing the accounting principles <br /> used and significant estimates made by management, as well as evaluating <br /> the overall financial statement presentation. We believe that our audits <br /> provide a reasonable basis for our opinion. <br /> i <br /> In our opinion, the financial statements referred to above present fairly, <br /> in all material respects, the consolidated financial position of Dallas <br /> Corporation and subsidiaries at December 31, 1989 and 1988, and the <br /> consolidated results of their operations and their cash flows for each of <br /> the three years in the period ended December 31, 1989, in conformity with <br /> generally accepted accounting principles. <br /> Dallas, Texas U <br /> March 14, 1990 <br />